US Banknote Production Hits 633.92 Million in April

U.S. paper money production picked up for a second straight month, ran the quickest in six months, and climbed ahead of figures from a year earlier, data from the agency responsible for printing American currency shows.

The Bureau of Engraving and Printing (BEP) produced 633.92 million banknotes last month, the most since October, for a combined value of $17.096 billion. By comparison, March levels tracked at 579.2 million notes worth nearly $14.2 billion.

In percentages from the prior month, April saw 9.5% more notes and their combined value was 20.5% higher. In other month-over-month comparisons, there were:

12.5% more $1s;

0.5% more $5s; and

29% more $100s.

The amount of $10s and $20s matched the previous month. The BEP did not make $50s for a third month in a row after six straight months of pressing them. $2s have not been printed since July, and more are not expected for some time. The Federal Reserve noted that their FY 2016 order for $2s was enough to meet demand for "multiple years."

Compared to the same month in 2016, the number of notes grew 1.6% from 624,000,000 while their total value was 8.6% higher from $15,740,800,000.

Below are images of the BEP’s latest monthly production report. They show the type of banknotes manufactured at the agency’s two printing facilities.

April 2017 BEP Banknote Production

Facility at Washington, DC

Facility at Fort Worth, TX

The BEP printed 6.72 million star notes, split across $1s and $5s. Star notes are replacements for misprinted or damaged notes and for certain serial numbers like 000 000 000. They have serial numbers that end with a star "*" designation, and are also so indicated by quantities in the images above. Money collectors usually find star notes more desirable since they can be harder to find.

The following table lists the type, the amount and the total value of banknotes printed by the BEP for the month:

Banknotes by Denomination: Total Printed and Values

April 2017

Banknotes

Total Printed

Total Value ($)

$1.00

230,400,000

230,400,000

$2.00

–

–

$5.00

70,720,000

353,600,000

$10.00

38,400,000

384,000,000

$20.00

166,400,000

3,328,000,000

$50.00

–

–

$100.00

128,000,000

12,800,000,000

Totals

633,920,000

17,096,000,000

For comparison, four previous monthly money production tables follow.

March 2017

Banknotes

Total Printed

Total Value ($)

$1.00

204,800,000

204,800,000

$2.00

–

–

$5.00

70,400,000

352,000,000

$10.00

38,400,000

384,000,000

$20.00

166,400,000

3,328,000,000

$50.00

–

–

$100.00

99,200,000

9,920,000,000

Totals

579,200,000

14,188,800,000

February 2017

Banknotes

Total Printed

Total Value ($)

$1.00

172,800,000

172,800,000

$2.00

–

–

$5.00

64,000,000

320,000,000

$10.00

41,600,000

416,000,000

$20.00

140,800,000

2,816,000,000

$50.00

–

–

$100.00

92,800,000

9,280,000,000

Totals

512,000,000

13,004,800,000

January 2017

Banknotes

Total Printed

Total Value ($)

$1.00

166,400,000

166,400,000

$2.00

–

–

$5.00

80,000,000

400,000,000

$10.00

–

–

$20.00

140,800,000

2,816,000,000

$50.00

76,800,000

3,840,000,000

$100.00

92,800,000

9,280,000,000

Totals

556,800,000

16,502,400,000

December 2016

Banknotes

Total Printed

Total Value ($)

$1.00

163,200,000

163,200,000

$2.00

–

–

$5.00

57,600,000

288,000,000

$10.00

–

–

$20.00

109,120,000

2,182,400,000

$50.00

19,200,000

960,000,000

$100.00

74,240,000

7,424,000,000

Totals

423,360,000

11,017,600,000

Federal Reserve data indicates that there was approximately $1.54 trillion in circulation as of April 5, 2017, of which $1.49 trillion was in Federal Reserve notes.

"Recent estimates show that between one-half and two-thirds of the value of U.S. currency in circulation is held abroad," the BEP notes.

As a perspective, the BEP in FY 2016 delivered its 7.6 billion notes at an average cost of 10 cents each. More than 90% of those printed were for replacing those already in, or taken out of circulation.